President Donald Trump showcased his help for the Bitcoin and cryptocurrency business once more at a high-profile fundraiser in San Francisco on Thursday.
Hosted by tech enterprise capitalists David Sacks and Chamath Palihapitiya at Sacks’ Pacific Heights residence, the occasion raised $12 million for Trump’s marketing campaign, three sources current instructed Reuters. The occasion was attended by executives from Coinbase, the Winklevoss twins, and different business leaders.
JUST IN: 🇺🇸 Donald Trump pitched himself because the 'crypto president' at a San Francisco tech fundraiser. pic.twitter.com/s9W6RtKYeO
— Bitcoin Journal (@BitcoinMagazine) June 7, 2024
Trevor Traina, a San Francisco-based tech government and former U.S. ambassador to Austria underneath Trump, instructed Reuters, “He mentioned he could be the crypto president.”
Trump’s sturdy pro-crypto stance was additional emphasised throughout the occasion, touting crypto as necessary and burdened that he was very supportive of the sector, Republican Nationwide Committeewoman Harmeet Dhillon instructed Reuters. Nonetheless, Trump didn’t present specifics on his proposed crypto coverage.
Regardless of San Francisco’s liberal fame, Trump’s fundraiser drew help from a number of high-profile native enterprise capitalists and crypto buyers, who cited extreme regulation as a major concern. Jacob Helberg, an adviser to Palantir, famous, “President Trump made clear that the Biden-Gensler campaign towards crypto will grind to a halt inside one hour of a second Trump administration.”
Simply final week, Donald Trump traditionally turned the primary U.S. President to just accept Bitcoin Lightning Community donations, following feedback he made lately saying that he needs the way forward for crypto to be in America, and never pushed abroad because of harsh laws.
Because the 2024 presidential election approaches, Trump’s stance on Bitcoin and cryptocurrency is enjoying a big position in garnering help from over 50 million crypto house owners and fans in the US, whereas his opposition, Joe Biden, has taken a tricky stance on the business.
